Traffic count in the immediate surrounding area is over 33,000 cars per day

Description

This investment is a true NNN lease, as the tenant pays all expenses. The lease is a 17-year NNN lease and commences at close of escrow. The property has an initial cap rate of 7.25%. The new lease includes rent increases of 5% every 5 years. There is one 3-year option, then four 5-year options and then two 10-year market options.

At Circle K, their mission is to be the best place to shop, work, and invest. Their stores are known around the world for offering busy consumers a wide variety of quality products and services in a fast, friendly, and clean environment.

Each Circle K location features an award-winning brand of the Freshest Coffee Going®, ThirstBuster® fountain drinks, beer, snacks, candy, a telecommunications center, and general merchandise. Most locations are also co-branded with a quality gasoline product from such well known brands as 76®, Conoco®, Phillips®, Exxon®, and Mobil®. ]

This Circle K Gas & Convenience Store is located on East Market Street, also known as Highway 18, in Akron, Ohio. The property is located directly at the on/off ramp of Interstate 76. As a result of this excellent location, the traffic count in the immediate surrounding area is over 33,000 cars per day.

The subject property is located near many local and national commercial establishments. National retail tenants in the area include Arby's, Subway Sandwiches, Wendy's, Marathon Gas and others. Goodyear's Headquarters is also located in the area. ]

Research for 1559 East Market Street, Akron, OH 44305 (Summit County)

Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Need a Local Buyer Rep?

The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P